Gbplong
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary
GBP/USD
TREND ANALYSIS
We have 1 Uptrend in green color (LONG TERM)
We have 1 Downtrend in red color (LONG TERM)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
Yellow Levels are levels from my past ideas published or levels that were respected from the past.
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GBPUSD POTENTIAL BUYAs you know GBP were bullish since a month ago. its because the fundamentally factor. BoE rate high is the key on this situation. meanwhile the fed still not yet take action on the inflation. that makes gbp strong on the fundamental side. as you know that on the last nfp ,the report was so bad. that makes dollar more in suffer these day. investor still waiting for the fed to take action on this inflation situation and covid stuff. on technical analysis, gbp testing the 50 SMA on the daily chart. make possibility to goes up to test the 1.37000 side.
GBPNZD Long Signal Bullish 1DHello Traders and Investors.
I am Lisa from Spain
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I am using Ichimoku indc and PV and also Trending lines.
P.S. I personally will open entry if the price will show it according to my strategy.
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Short term GBP/USD long positionMarkets is largely expecting the BOE to hike Rates in the December meeting. the positive print in the inflation data this morning further fuels the expectation of the 15 basis point hike to be this coming meeting. we are expecting the BOE to disappoint the market hence we have a very bearish bias on the GBP currency. technically we expert a completion of a WXY pattern on a small timeframe.
GBPAUDBullish Indicators:
1) Bounced from the upward trendline
2) Support zone at 1.86056
3) Bullish engulfing
Bearish Indicators:
1) Descending trendline
2) Resistance at 1.87723
Plan A: One can buy from here for the target of 1.88459
Plan B: On the breaking of upward trendline one can sell for the target of 1.85340 where the major support lies.
GBPUSD looks to gain momentum to the upsideThe pair retested on out of the three levels that we marked out for as areas of value for the institutions on the upside. We think the bottom is in for the pair as there are little to no downside levels to exploit and the path of least resistance to stop loss hunt seems to be to the upside.
BULL CASE
We expect price to test the 1.385 level before finding more momentum to the upside. The immediate resistance level to test is the 1.4 levels.
BEAR CASE
The downside should be fairly capped for this pair. If price falls immediately next week, we should find some support at the 1.37 to 1.385 levels before finding its way to the upside.
gbpusdgbpusd filled with succes these supply demand zones as i shared 2 weeks before, right now we have a doubble bottom formed that mean price failed to create a new lower low.
in my opinion price is turning bullish and price should retest this year top high that was in february , to go buy in this scenario is to buy at fibbonacci retracement levels.
Also who likes scalping can take good profits from selling because right now price is on a strong resistance zone. structure is over extended so we can see a retracement .